Summary

PHILADELPHIA--
A delegation of Taiwanese venture capitalists recently spent 10 days in the United States looking for a few biotechnology companies to bet on. The trip was the first major foray to this country by private investors since the Taipei government announced last year that it would create a $600 million fund to invest in the stock of biotech companies. The fund, to run for 5 years, is part of a portfolio of government programs intended to entice both foreign and domestic biotech entrepreneurs to set up shop on the island.